That will give you some investment experience and then from there if you want to invest OOS you need to choose one market and study it in depth.

We discovered this deal through our network of real estate contacts in Kansas.

Get a cost seg study done.Once you convert your primary residence into a rental, you can get a new cost seg study done and take bonus depreciation to offset the new rental income.5.

To begin investing in real estate, learn first, set financial goals, analyze finances, study markets, make friends in the field, get a loan, start with small properties, check all details, plan how to manage them, and choose renters carefully.

However, I discovered on my own that the city ordered the property to be demolished in 2022, which I’m okay with.

moment when discovering different color mailers, envelopes, and stamps.18.Research what mailer or letter works best.

Had not done a cost segregation study when I purchased these two homes, but understand you can calculate a value  to write off so you are not depreciating two roofs...using salvage value or producer price index.

Tenant PotentialRental Market: Study local rent prices to understand what you can charge.

I'm sure this is a typical case study for a total beginner, I don't really know what I'm doing. 

As a listing agent, I explain to seller that an inspection can be more protection for them, anyway, because 1) buyer waives right to repair anything discovered in the inspection if not negotiated during inspection period, so fewer surprises at final Walk Through, and 2) buyer less likely to succeed in blaming seller later for something even their own professional didn’t find (unless seller was really hiding it).